Piceance Basin

Ursa Piceance Holdings LLC, a wholly owned subsidiary of Ursa Resources Group II LLC, is pleased to announce that it has closed on its acquisition of Antero Resources Piceance Basin Assets.
Chief Operating Officer, Steve Skinner, was quoted as saying, "We are extremely pleased with our acquisition of the Antero Piceance assets. We look forward to working with all stakeholders to prudently develop these assets. As always, Ursa is committed to creating value for our shareholders, being a positive addition to the communities we work in, and developing energy resources in a safe and environmentally conscious manner."
As of close, Ursa Operating Company LLC will become operator of the properties. Antero Resources will continue to provide day-to-day operations for the properties through 3/31/2013 per the terms of a transition services agreement. Over the next few months, Ursa will continue to engage with the local community to ensure a smooth hand over through the term of the transition services agreement.

About Ursa

Ursa Resources Group II LLC is an exploration and production company backed by a private equity commitment from Denham Capital. Ursa is focused on developing oil rich unconventional plays as well as the acquisition of conventional oil and gas producing properties.